Trump Media’s SPAC Deal Faces a Make-or-Break Investor Vote
- Vote asks for more time to close the Trump Media takeover
- Risk to shares trading 52% over the payout if deal fails
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The deal to take Donald Trump’s social-media company public faces a make-or-break moment as the blank-check firm that’s acquiring it rushes to get investor buy-in.
Digital World Acquisition Corp., the special-purpose acquisition company, is at risk of seeing the deal collapse if investors — made up largely of pro-Trump retail traders — don’t give it another year.